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Barclays has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to hedge risk by locking in future prices.

The U.S. Treasury Department should offer a standing facility to swap less-liquid off-the-run securities for on-the-run bonds to avoid triggering sharp market movements, BNP Paribas Investment Partners said in a proposal.

JPMorgan Chase will pay $1.42bn in cash to resolve most of a lawsuit accusing it of draining Lehman Brothers of critical liquidity in the final days before that investment bank's September 2008 collapse.

Morgan Stanley won’t sacrifice its $181bn pool of cash, government debt and other liquid assets to meet proposed U.S. rules on how much capital it holds against total assets, Chief Financial Officer Ruth Porat said.

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Barclays has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to hedge risk by locking in future prices.

The U.S. Treasury Department should offer a standing facility to swap less-liquid off-the-run securities for on-the-run bonds to avoid triggering sharp market movements, BNP Paribas Investment Partners said in a proposal.

JPMorgan Chase will pay $1.42bn in cash to resolve most of a lawsuit accusing it of draining Lehman Brothers of critical liquidity in the final days before that investment bank's September 2008 collapse.